Bar with Function Room For Sale

Business description

The premises have a Full On Licence plus Entertainments Licence. Total building area in the region of 5,800 sq. ft.

Large Bar

Spacious Pool Room plus separate Snooker Room. In addition a spacious Function Room, which in our opinion could accommodate up to 200 persons.

Large shared car park for 30/40 cars. In addition there is a large car park opposite, which we understand is free during the evenings.

The premises are at present used for Snooker, Pool, Poker, Salza classes plus private functions.

Front Entrance. Bar area with laminated strip floor. Large Bar. 6 stools, tables, chairs plus settees providing seating for 30 persons. 5 hand pumps, optics, 2 double door glass fronted counter fridges, electronic cash register, mirror-backed shelving.

Level kitchen with ceramic tiled floor. Glasswasher (on rental), microwave oven, double deep fryer, 4-burner gas cooker with double oven, griddle, extractor unit etc.

Middle spacious room with 5 poker tables, ample chairs, 3 pool tables (on rental).

Rear Snooker Room with 3 large snooker tables

Spacious Funtion Room with laminated strip floor plus carpeted area. Bar with double door glass fronted fridge, mirror-backed shelving

Ladies' cloakroom with w.c. and wash hand basin
Gentlemen's cloakroom with urinal, w.c. and wash hand basin

Property information

Lease terms:

We understand the premises are held on a secure renewable lease having approximately 6½ years unexpired at a rental of £22,000 p.a. exclusive of rates for the next 1½ years, with rent to be agreed thereafter.

Uniform Business Rates: £9,000 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Close to Railway Station, BEDFORDSHIRE

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £2,000 p.w. in our opinion offering tremendous potential for further development in the right hands. 2 fruit machines (on rental), 1 roulette machine on a 50/50 basis plus 1 games machine on a 60/40 basis providing additional revenue. We are further advised that the sales year ending June, 2008 should be in the region of £110,000/£120,000.

Reasons for selling:

To Include The Secure Lease, Goodwill, Fixtures & Fittings £120,000 Plus Stock At Valuation Substantial Loan To An Approved Applicant

Trading hours:

Sunday - Thursday inclusive - 4 p.m. - 1 a.m.
Friday & Saturday - 4 p.m. - 2 a.m.

Financing available:

Substantial Loan To An Approved Applicant.